Even if your tax situation isn’t complicated, there’s still documentation the Internal Revenue Service demands. But filing taxes doesn’t have to be an ordeal. And it can be less frustrating and less time-consuming if you have all the material at your fingertips.
By being prepared, you’ll be ready to file your return at the earliest possible moment (the IRS usually starts accepting returns around mid-January). And the earlier you file, the sooner you’ll get your refund.
The key to a successful tax form is proper reporting. The IRS wants to know how much money you made so it can tax it. You need to know what you can put on your Form 1040 that will help you trim your tax bill.
To help you organize your tax paperwork so that you and the IRS will be happy, let’s look at seven ways to help you get organized.
Read more: http://www.bankrate.com/finance/taxes/7-ways-to-get-organized-for-the-tax-year-1.aspx#ixzz2HSRG7ix1
